Lake Hamilton, FL Profile: Facts & Data

The Town of Lake Hamilton had a population of 1,610 as of July 1, 2024. Lake Hamilton ranks in the lower quartile for Population Density and the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Lake Hamilton is located at latitude 28.0445 and longitude -81.6279 in Polk County. The formal boundaries for the Town of Lake Hamilton encompass a land area of 3.14 sq. miles and a water area of 0.98 sq. miles. Polk County is in the Eastern time zone (GMT -5).

The Town of Lake Hamilton has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Lake Hamilton is located within Haines City CCD of Polk County.

Lake Hamilton, FL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,610 (100%)
Population in Households	1,610 (100.0%)
Population in Families	1,427 (88.6%)
Population in Group Quarters¹	0
Population Density	516
Diversity Index²	80


INCOME
Median Household Income	$53,604
Average Household Income	$73,878
% of Income for Mortgage⁴	35%
Per Capita Income	$26,385
Wealth Index⁵	62
Socioeconomic Status Index⁶	Moderate (53.0)

HOUSING
Total HU (Housing Units)	632 (100%)
Owner Occupied HU	490 (77.5%)
Renter Occupied HU	85 (13.4%)
Vacant Housing Units	57 ( 9.0%)
Median Home Value	$295,000
Average Home Value	$301,378
Housing Affordability Index³	73

HOUSEHOLDS
Total Households	575
Average Household Size	2.80
Family Households	434
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Lake Hamilton, FL - Peer Comparisons by Rank and Percentile

The table below compares Lake Hamilton to the other 955 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.10%	1.72%
Households	1.01%	1.52%
Families		1.43%
Median Household Income		2.73%
Per Capita Income		3.87%
Owner Occupied HU		1.89%

Variable Description	Rank	Percentile
Total Population	# 720	25th
Population Density	# 738	23rd
Median Household Income	# 719	25th
Housing Affordability Index	# 390	41st
Per Capita Income	# 760	21st
Diversity Index	# 164	83rd

Lake Hamilton, FL Profile: Facts & Data

Lake Hamilton, Florida - Basic Facts

Lake Hamilton, FL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Hamilton, FL - Peer Comparisons by Rank and Percentile

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